Economic recession: NACCIMA canvasses for cooperation with the OPSN by FG in policy implementation

By allcitynews.ng

The President of National President of Nigerian Association of Chambers of Commerce of Industry, Mines and Agriculture(NACCIMA), Hajiya Saratu Iya Aliyu, has canvassed for involvement of Private Sector of Nigeria (OPSN) and private sector operators in the articulation and subsequent implementation of policies.

Iya Aliyu who made the call during the just concluded fourth quarterly meeting that took place in Port-Harcourt on Thursday 26 November, 2020, also called on government at all levels to henceforth fully involve the OPSN and private in policy implementation.

The council reiterated it’s call for closer involvement of OPSN and private sector operators in articulation and implementation of economic policies.

The council was of the firm view that as the country searches for a way out of economic recession, government must work closely with the private sector which will have a key role to play if the goal of early recovery will be met in the first quarter of 2021 as being predicted by the Minister of Finance, the CBN Governor and others in government circles.

According to the statement, the Council meeting was attended by members of Chambers of Commerce from across the country and was presided over by its National President, Hajiya Saratu Iya Aliyu.

The Council meeting and other activities was hosted by the Port-Harcourt Chambers of Commerce, Industry, Mines and Agriculture (PHACCIMA) and was attended by the Honorable Commissioner for Commerce and Industry Rivers State Government, Dr. Ify Nwankpa, who represented the River State Governor, His Excellence Nyesom Wike.

At the meeting, the Council drew attention to the fact that the third Quarter contraction of the economy was foretold in view of the COVID-19 Pandemic, the drop in crude oil prices, and the civil unrest that ensured.

All of these issues require robust response in close cooperation with the OPSN. The Council also drew attention to the need proper synergy of monetary and fiscal policies that will engender inclusive growth and development in some strategic sectors such as agriculture, manufacturing and mining.

Most importantly, the OPSN must be taken on board in the articulation of policies, policy implementation, and the process of monitoring and evaluation. The Council also reaffirmed its position that diversification must be given more serious attention and the Economic Sustainability Plan should be faithfully implemented in a way to ensure quick impact to tackle the issues of unemployment and infrastructural development.

During courtesy call on the Governor of Rivers State, the Council led by the National President, Hajiya Saratu Iya Aliyu commended the State for its massive infrastructure development which was having significant impact on commerce and economic activities beyond the oil and gas sector which the state was well known for.

The occasion of the Council meeting ended with a gala dinner that was attended by top dignitaries from the public and private sectors, as well as, traditional rulers.

Peak of the event was the cutting of the Anniversary cake, as part of the NACCIMA@60 celebrations, which had commenced in October, 2020.